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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
CONTACTS:
Maili Bergman Mike Overby
Director of Investor Relations Chief Financial Officer
408.434.5158 (voice) 408.434.5112 (voice)
408.434.5005 (fax) 408.434.5005 (fax)
[email protected] [email protected]
ADEPT TECHNOLOGY FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING
(SAN JOSE, CA) October 26, 2000 -- Adept Technology, Inc. (Nasdaq/NMS: ADTK), a
designer and manufacturer of intelligent automation products, today announced
that it has filed a registration statement with the Securities and Exchange
Commission for a proposed public offering of 2,134,755 shares of its common
stock. Of these shares, 2,000,000 of the shares will be offered by Adept and
134,755 will be offered by existing shareholders of Adept. Adept has granted the
underwriters a 30-day option to purchase up to an additional 320,213 shares of
common stock solely to cover over-allotments, if any. The offering will be
managed by Merrill Lynch & Co., Lehman Brothers and CIBC World Markets Corp.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or jurisdiction. When
available, a copy of the preliminary prospectus may be obtained from the offices
of Merrill Lynch & Co., 4 World Financial Center, Attention: Preliminary
Prospectus Department, New York, New York 10080.
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